Financial News: French Inflation Rises Less Than Forecast

French Inflation Rises Less Than Forecast

10/31/2024 - 06:00:00 (RTTNews)

(RTTNews) - France's consumer price inflation rose at a slower-than-expected pace in October, provisional estimate from the statistical office INSEE showed on Thursday.

Consumer price inflation rose slightly to 1.2 percent in October from 1.1 percent in September. The rate was forecast to climb to 1.9 percent.

Similarly, harmonized inflation edged up to 1.5 percent, as expected, from 1.4 percent a month ago. Inflation remained below the European Central Bank's target of 2 percent.

Food prices grew at a faster rate of 0.6 percent after a 0.5 percent gain. At the same time, the annual decline in energy prices slowed to 2.0 percent from 3.3 percent.

Manufactured products prices dropped 0.2 percent, following a 0.3 percent decrease. Services inflation softened to 2.2 percent from 2.4 percent.

On a monthly basis, consumer prices rose 0.2 percent, in contrast to the 1.2 percent decrease in September. The rate matched expectations.

Likewise, the harmonized index of consumer prices gained 0.3 percent after a 1.3 percent fall in the previous month. The rate was forecast to climb 0.2 percent. Final data is due on November 15.

Another data from INSEE showed that producer prices dropped for the tenth consecutive month in September. The decline in producer prices deepened to 7.0 percent from 6.3 percent in August.

Month-on-month, producer prices slid 0.1 percent, reversing a 0.3 percent rise in August.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Two-Year Note Auction Attracts Above Average Demand (09 min(s), 32 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $69 billi ...Full Story»

N. Macedonia, Slovenia Central Bank Chiefs Say Financial Stability Has Further Strengthened (28 min(s), 32 sec(s) ago)
(RTTNews) - Central bank governors of North Macedonia and Slovenia have expressed confidence that ...Full Story»

Slovenia Housing Prices Rise Again In Q3, Sales At 14-Year Low (56 min(s), 32 sec(s) ago)
(RTTNews) - Prices of existing dwellings in Slovenia rose for a fourth consecutive quarter in a ro ...Full Story»

U.S. New Home Sales Show Significant Rebound In November (04 hr(s), 27 min(s), 32 sec(s) ago)
(RTTNews) - After reporting a sharp pullback by new home sales in the U.S. in the previous month, ...Full Story»

U.S. Consumer Confidence Unexpectedly Deteriorates In December (04 hr(s), 29 min(s), 32 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December ...Full Story»

U.S. Durable Goods Orders Pull Back More Than Expected In November (04 hr(s), 39 min(s), 32 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods slumped by much more than expected in t ...Full Story»

Lithuania Industrial Production Grows 4.1% (07 hr(s), 12 min(s), 32 sec(s) ago)
(RTTNews) - Lithuania's industrial output expanded in November, driven by strong growth in the ...Full Story»

Irish Consumer Confidence Weakens Marginally (07 hr(s), 39 min(s), 32 sec(s) ago)
(RTTNews) - Irish consumer confidence dropped slightly at the end of the year as households were w ...Full Story»